Advanced Financial Intermediation

Instructors

Prof. Dr. Andre Guettler

Carlos A. De las Salas Vega

 

Overview

Why are financial intermediaries such as banks and mutual funds different from other industries? How did Lehman Brothers’ bankruptcy bring financial systems worldwide to the brink of collapse? What is the “shadow banking system” and how on earth are individual hedge fund managers able to earn more than one billion dollars per year?

These questions are answered by various teaching forms such as classical lectures, talks by industry experts, academic paper presentations, presentations by students covering topical issues, and by solving problem sets and case studies. 

Contents

Principals of financial intermediation 

Commercial banks 

Other lending institutions 

Insurance companies

Securities firms and investment banks 

Mutual funds

Pension funds

Hedge funds

Private equity and venture capital

Rating agencies

Shadow banking system

The financial crisis 

The European sovereign debt crisis

Regulation of financial intermediaries

 

Course Schedule

Tuesdays, 14:15-17:45

Classroom: N24/226

Grading

Final exam: 100 percent ("open" form)


Retake: 7th of October, 10-12 a.m., room: H12

 

Post exam review: 15.10.2015  from 10-11am at Helmholtzstraße 22 Room 223

 

Course Material

Available to students via Moodle. Required password to download course material will be provided in the first lecture.

 

Textbook

Saunders/Cournett: Financial Institutions Management

 

The course is open for

Master of Science (7 credits)

Master of Finance (7 credits)